Global Industrial And Commercial LED Lighting Market generated USD 47.2 billion in 2017 and is anticipated to grow at a CAGR of 22.7% during the forecast period according to a new research published by Polaris Market Research.
In the industrial and commercial sector, LED lights are used in walkway and outdoor lighting, parking and garage lighting, street lighting, modular lighting, and task lighting. These lights are energy efficient, durable, and longer lasting as compared to other lighting systems. LEDs emit light in a specific direction, and offer very little heat as compared to incandescent bulbs, increasing their demand in the global Industrial and Commercial LED Lighting market market.
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The demand for Industrial and Commercial LED Lighting has increased over the years owing to rising construction of new structures, and renovation of existing structures. Consumers are increasingly adopting LED lighting systems owing to their higher energy efficiency. The increasing investment by governments in development of infrastructure and introduction of stringent regulations regarding energy consumption support the market growth. Other factors supporting the Industrial and Commercial LED Lighting market growth include rising demand from emerging economies, increasing consumer awareness, and technological advancements.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Industrial and Commercial LED Lighting Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. The Asia-Pacific Industrial and Commercial LED Lighting market generated the highest revenue in 2017 owing to the growing construction sector and development of efficient infrastructure in the region. The increasing awareness regarding adoption of energy efficient lighting solutions supports the market growth in the region. The growing government investment in development of infrastructure in the region further boosts the market growth.
Asia-Pacific Industrial and Commercial LED Lighting Market Share, By End-User, 2017 – 2026
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Competitive Landscape and Key Vendors
The global Industrial and Commercial LED Lighting market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater to the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Industrial and Commercial LED Lighting market report include Koninklijke Philips Electronics N.V., Cree, Inc., GE Lighting Solutions, Toshiba Corporation, Digital Lumens, Inc., Osram Licht AG, Dialight Plc, Cooper Industries Plc, Deco Lighting, Inc., and Sonaray LED Lighting.
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- New Installation
- Indoor Lighting
- Outdoor Lighting
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
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